CAVA Group (NYSE:CAVA) Given New $110.00 Price Target at JPMorgan Chase & Co.

CAVA Group (NYSE:CAVA) had its price objective boosted by JPMorgan Chase & Co. from $90.00 to $110.00 in a report released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also commented on the stock. Jefferies Financial Group raised their price objective on shares of CAVA Group from $94.00 to $117.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Stifel Nicolaus lifted their price target on CAVA Group from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, August 19th. TD Securities upped their price objective on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Wedbush increased their price objective on CAVA Group from $155.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, TD Cowen boosted their target price on CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.57.

CAVA Group Trading Up 1.6 %

NYSE:CAVA opened at $147.31 on Wednesday. CAVA Group has a 1 year low of $31.41 and a 1 year high of $172.43. The stock has a 50-day moving average price of $130.75 and a two-hundred day moving average price of $103.50. The stock has a market cap of $16.84 billion, a price-to-earnings ratio of 320.24 and a beta of 3.23.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $243.82 million during the quarter, compared to analyst estimates of $233.05 million. CAVA Group had a return on equity of 9.23% and a net margin of 5.88%. CAVA Group’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 EPS. Sell-side analysts forecast that CAVA Group will post 0.44 earnings per share for the current year.

Insider Activity

In other news, CEO Brett Schulman sold 201,504 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.53, for a total value of $25,294,797.12. Following the sale, the chief executive officer now directly owns 702,590 shares of the company’s stock, valued at approximately $88,196,122.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Brett Schulman sold 201,504 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $125.53, for a total transaction of $25,294,797.12. Following the transaction, the chief executive officer now directly owns 702,590 shares of the company’s stock, valued at approximately $88,196,122.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Theodoros Xenohristos sold 98,490 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.77, for a total value of $12,387,087.30. Following the sale, the director now directly owns 424,846 shares of the company’s stock, valued at $53,432,881.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 304,994 shares of company stock valued at $38,310,084 in the last quarter. Company insiders own 12.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CAVA. Vanguard Group Inc. grew its holdings in CAVA Group by 215.7% in the 1st quarter. Vanguard Group Inc. now owns 4,944,036 shares of the company’s stock valued at $346,330,000 after buying an additional 3,377,840 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of CAVA Group by 21.6% in the 1st quarter. Capital Research Global Investors now owns 5,311,335 shares of the company’s stock valued at $372,059,000 after purchasing an additional 942,054 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of CAVA Group by 102.5% in the second quarter. Renaissance Technologies LLC now owns 892,400 shares of the company’s stock valued at $82,770,000 after buying an additional 451,800 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of CAVA Group by 262.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock valued at $63,918,000 after acquiring an additional 373,835 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its position in shares of CAVA Group by 233.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 398,991 shares of the company’s stock valued at $49,415,000 after buying an additional 279,306 shares during the last quarter. 73.15% of the stock is owned by institutional investors.

CAVA Group Company Profile

CAVA Group, Inc owns and operates a chain of restaurants under the CAVA brand in the United States. The company also offers dips, spreads, and dressings through grocery stores. In addition, the company provides online and mobile ordering platforms. Cava Group, Inc was founded in 2006 and is headquartered in Washington, the District of Columbia.